Podcasts about morningstar

Our guest on the podcast today is Lyle Fitterer, a senior portfolio manager and co-lead on the municipal bond sector for Baird Advisors. He has 36 years of experience managing bond portfolios. Prior to joining Baird in 2019, he served as the co-head of global fixed income and the head of the municipal fixed income team as Wells Fargo Asset Management. Lyle obtained his undergraduate degree in accounting from the University of North Dakota. He earned the chartered financial analyst designation in 1996 and is currently a member of the CFA Institute and the CFA Society of Milwaukee.BackgroundBioBaird Short-Term Municipal Bond Fund BTMIXBaird Strategic Municipal Bond Fund BSNIXBaird Quality Intermediate Municipal Bond Fund BMBIXBaird Core Intermediate Municipal Bond Fund BMNIXBaird Municipal Bond Fund BMQIXMuni-Bond Funds“The New Allure of Muni Bond Funds. Two Pros Point the Way,” by Debbie Carlson, barrons.com, Aug. 21, 2025.“Fitterer: Muni Bond Market Offers Compelling Opportunities,” Podcast with Chuck Jaffe, bairdassetmanagement.com, July 29, 2025.“Muni Bonds Aren't Just for Rich Folks,” by Jeff Schlegel, fa-mag.com, Nov. 1, 2024.“Muni Bonds Are Looking Better,” by Elizabeth Foos, Morningstar.com, Oct. 28, 2025.OtherVanguard Tax-Exempt Bond Index Fund ETF Shares VTEBVanguard Tax-Exempt Bond Index Fund Admiral Shares VTEAX“In Wreckage of Muni Market Crash, Brave Investors Eye Bonds at 90% Yields,” by Amanda Albright, advisorperspectives.com, March 25, 2020. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

In this episode of Behind The Numbers With Dave Bookbinder, I'm joined by Kristof Gleich, President and Chief Investment Officer at Harbor Capital Advisors, for a deep dive into the human capital factor and its impact on business value and investment performance. Kristof explains how Harbor's partnership with Irrational Capital led to the development of the HAPI ETFs and walks through the seven subfactors that make up the human capital score: organizational effectiveness, innovation, direct management, alignment, engagement, emotional connection, and extrinsic rewards. We get into the data behind the factor, including the use of large-scale employee sentiment surveys and proprietary analytics, the index construction process that identifies the top 150 companies, and the annual reconstitution methodology. Kristof also shares performance insights – from Morningstar recognition to how HAPI has compared with the S&P 500. We also talk about why this factor has the potential to generate real alpha and how investors, private equity firms, and valuation professionals are beginning to incorporate human capital metrics into underwriting and deal analysis. If you're interested in how people truly drive enterprise value, how human capital data can shape portfolios, and what this means for investors, advisors, and dealmakers, this episode offers practical, data-driven insights you can use. About Our Guest: Kristof Gleich is the president and CIO of Harbor Capital Advisors, Inc. Kristof oversees all Investment, Distribution & Marketing and Executive Office functions at Harbor. He provides insight while helping lead Harbor's strategic growth plan. Prior to joining Harbor, Kristof was a managing director and global head of manager selection at JP Morgan Chase & Co. He received a B.S. in Physics from University of Bristol. Kristof is a CFA® charterholder and is FINRA Series 7 and 63 licensed. About the Host: Dave Bookbinder is known as an expert in business valuation and he is the person that business owners and entrepreneurs reach out to when they need to know what their most important assets are worth. Known as a collaborative adviser, Dave has served thousands of client companies of all sizes and industries.  Dave is the author of two #1 best-selling books about the impact of human capital (PEOPLE!) on the valuation of a business enterprise called The NEW ROI: Return On Individuals & The NEW ROI: Going Behind The Numbers.  He's on a mission to change the conversation about how the accounting world recognizes the value of people's contributions to a business enterprise, and to quantify what every CEO on the planet claims: “Our people are this company's most valuable asset.” Dave's book, A Valuation Toolbox for Business Owners and Their Advisors: Things Every Business Owner Should Know, was recognized as a top new release in Business and Valuation and is designed to provide practical insights and tools to help understand what really drives business value, how to prepare for an exit, and just make better decisions. He's also the host of the highly rated Behind The Numbers With Dave Bookbinder business podcast which is enjoyed in more than 100 countries.

“Come now, let us settle the matter,” says the LORD. “Though your sins are like scarlet, they shall be as white as snow; though they are red as crimson, they shall be like wool." Isaiah 1:18 Morning by morning, the frost of yesterday melts in the warmth of Your compassion. The stains and shame of the past do not survive the sunrise. Though my sins were scarlet, You whisper “Come,” and the crimson fades to white as snow. Purge me with hyssop, and I shall be clean; wash me, and I shall be whiter than snow. Create in me a clean heart, O God, and renew a steadfast spirit within me. As Naaman stepped down into Jordan's waters in humble obedience and rose restored, so I step into Your Word and Your will — simple, trusting, and expectant. The Jordan is a threshold, the night a passage, and the dawn Your mercy's announcement. What I could not cleanse by effort, You cleanse by grace. What I could not silence by striving, You quiet with the snowfall of mercy. Psalm 51:7 says, "Cleanse me with hyssop, and I will be clean; wash me, and I will be whiter than snow." Let the old year release its grip; let every accusation be hushed under fresh grace. Roll away reproach as at Gilgal; dress me in the robe of righteousness; crown me with steadfast love and mercy. Order my steps in Your word. Make Your lamp a fire to my path. Teach me to leave only grace-shaped footprints across the day You set before me. Because, Morning by morning new mercies I see: New patience for the unfinished places.Morning by morning new mercies I see, new strength for the unseen battles.Morning by morning new mercies I see; New joy that sorrow cannot steal.Morning by morning new mercies I see; New peace that outlives the storm.Morning by morning new mercies I see; New holiness born not of resolve alone, but of Your Spirit within. Lord, before the year 2025 ends, let me emerge clean — thoughts rinsed, motives sifted, hands made ready for good works. As we cross into 2026, set my footprint on grace. Let forgiveness be my trail, gratitude my pace, compassion my companion. Establish my goings. Keep my heart soft, my tongue gentle, my eyes lifted.  Lamentations 3:22–23 says, "Because of the Lord's great love, we are not consumed, for his compassions never fail. They are new every morning; Great is your faithfulness." Prayer for the Day!Heavenly Father, thank you for the daily mercy you release. I receive Your mercy at daybreak and Your faithfulness by night. I renounce every old stain and take hold of the new song You place in my mouth. May my life be a quiet field after snowfall — pure, expectant, unmarked — awaiting the adventures of Your leading. In the name of Jesus — Lamb who washes me, Shepherd who guides me, Morning Star who heralds my day by day — amen.

Mama, we, too, are called to be seekers of the Morning Star! As His light rises in our hearts, may we stay watchful for His leading, courageous to follow where He shines, and ready to offer our best in joyful worship and service.“…the star they had seen when it rose went ahead of them until it stopped over the place where the child was. When they saw the star, they were overjoyed.” -Matthew 2:9b (NIV)From the patriarchs to the prophets, from shepherds to wise men, this Advent journey traces the radiant thread of promise woven through some of Scripture's most luminous figures. Join us for Day 7 of this journey Beneath the Starry Night.

Pastor Josh speaks of the three wise men following the Star of Bethlehem. Jesus is the Bright and Morning Star.

Maximisers spend a lot of time researching and thinking about the best choice to make. Satisficers settle for the best option that they can see with modest criteria. Mark and Shani run through how to determine what type of investor you are and what this means for you.You can find Christine's article, 'The case for a 'good enough' portfolio' here.A message from Mark and ShaniFor the past five years, we've released a weekly podcast to arm you with the tools to invest successfully. We've always strived to provide independent, thoughtful analysis, backed by the work of hundreds of researchers and professionals at Morningstar.We've shared our journeys with you, and you've shared back. We've listened to what you're after and created a companion for your investing journey. Invest Your Way is a book that focuses on the investor, instead of the investments. It is a guide to successful investing, with actionable insights and practical applications.The book is now available! It is also available in Audiobook format from most sellers.Purchase from Amazon or Purchase from BooktopiaTo submit any questions or feedback, please email mark.lamonica1@morningstar.com or leave us a voicemail to feature on the podcast here.Audio Producer and mixer: William Ton. Hosted on Acast. See acast.com/privacy for more information.

A holiday-flavored Friday Q&A that covers a lot of ground without selling a single candy cane. Don answers listener questions on Medicare vs. Medicare Advantage (and the IRMAA buzzsaw), how to safely reposition an elderly parent's taxable account, whether to ditch target-date funds for a DIY equity portfolio, how to think about international small-cap ETFs, why teaching kids to pick stocks is a terrible idea, and what to expect when a “free portfolio review” comes from a company whose name literally includes the word annuity. Skeptical, practical, and very on-brand. 0:17 Corny holiday Q&A musical intro and setup 0:33 Friday Q&A format, how questions get on the show, and holiday vibe 2:00 Medicare vs. Medicare Advantage, IRMAA penalties, and why private insurers are exhausting 3:37 Why capital gains can make Medicare shockingly expensive 4:15 The profit motive problem with Medicare Advantage plans 4:37 Question transition and listener call-in reminder 5:43 Managing an 82-year-old's taxable account: safety vs. yield 6:18 Why bond funds like BND diversify interest-rate risk better than savings accounts 7:15 CD ladders: how they work and why discipline matters 7:39 Treasury funds vs. total bond funds for capital preservation 7:47 Closing thoughts on preservation-focused portfolios 8:52 Target-date funds vs. DIY 401(k) portfolios 9:20 Glide paths, rebalancing, and what target-date funds do well 10:35 100% equity risk, volatility, and why down markets help accumulators 10:53 Choosing between AVDV and AVES (international small value vs. emerging markets) 11:47 Why the correct answer is often “both” 12:33 Teaching high school students about investing 13:52 Why stock-picking education reinforces a dangerous myth 14:28 Luck vs. skill and the evidence against beating the market 15:39 Index funds, market efficiency, and investor behavior 16:49 Morningstar vs. other research tools 17:18 Empower's “free portfolio review” and what might be coming next 18:06 Portfolio concentration concerns and tech exposure 19:33 Humor break and annuity skepticism 20:55 What Empower actually is and what that implies 21:16 Empower as an RIA and how to treat their recommendations 21:52 Getting a second opinion from a fee-only advisor 22:58 Thanks, holiday wrap-up, and call for more questions Learn more about your ad choices. Visit megaphone.fm/adchoices

A shift in mindset can help investors cope with market uncertainty.2025 was a case study in the futility of trying to predict the market. Wall Street had lofty expectations for stocks entering the year. Then the tariff shock in April rattled the markets and many firms lowered their annual stock forecasts in response. They later raised them—after stock prices rebounded. With the new year on the horizon, Morningstar's 2026 Global Outlook report is offering investors tactics to weather whatever the future may hold.Morningstar strategists and an analyst will discuss key challenges facing investors in 2026 in our series. Dan Kemp, the chief research and investment officer with Morningstar Investment Management Europe, is one of the major driving forces behind the report.We're going to dig into research analyzing the AI arms race and its worldwide buildout. A team of Morningstar researchers have investigated the spending and the risks. Morningstar Research Services' senior equity analyst Brian Colello was part of the effort. Brian also covers Nvidia. He discusses the AI king's outlook, competition, and stock.AI Arms Race: How Tech's Capital Surge Will Reshape the Investment Landscape in 2026 On this episode:00:36:00 Welcome00:01:48 We typically talk about your Markets Brief column, but today we're focusing on “Morningstar's 2026 Global Investment Outlook.” The theme is “preparing for what comes next.” What will investors looking for ways to cope with uncertainty find in this in-depth report? 00:02:35 What makes Morningstar's outlook different from other companies? 00:03:21You've written about how a few ideas from the global investment report resonated with you. What are they, and why? 00:05:01 As we wrap up our conversation, what's a lesson from 2025 that you want investors to take into 2026?00:07:13 Big Tech companies are spending hundreds of billions of dollars on the global construction boom. Where'sthe money going, and how does this spending compare to other sectors like energy? 00:08:20 This massive buildout comes with execution and cost risks. What's at stake if hyperscalers underestimate these challenges? 00:09:54 How is AI affecting sector valuations? How does it compare to the tech bubble in the late 1990s? 00:12:18 Morningstar believes many investors are already heavily exposed to AI due to Big Tech's size in broad stock indexes. How can folks counteract that? 00:14:31Let's pivot to the AI industry leader, Nvidia. The chipmaker's stock took a big hit when DeepSeek arrived in January. Nvidia became the world's first $5 trillion company in October. What are your thoughts about the year Nvidia is having? 00:17:20 Rival chipmaker Moore Threads recently made its market debut in China. What would it mean for Nvidia if China comes out with more advanced chips? 00:20:12 Interest is growing in Alphabet's AI chips. Can Nvidia fend off competition from one of its customers?00:23:30 What is your outlook for Nvidia and other chipmaker stocks? And which do you think is undervalued? 00:26:18What's the takeaway for investors regarding Nvidia and the AI arms race?  Watch more from Morningstar:Here's What Your Retirement Spending Rate Should Be in 2026How ETFs Help You Cut Your Tax BillTax-Loss Harvesting Isn't Just for Downturns. Here's Why Follow Morningstar on social:Facebook https://www.facebook.com/MorningstarInc/X https://x.com/MorningstarIncInstagram https://www.instagram.com/morningstarinc/?hl=enLinkedIn https://www.linkedin.com/company/morningstar/posts/?feedView=all  Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

Philipp Nicolai is the author and composer of what has been called the “King of Chorales” (“Wake, Awake, for Night is Flying”) and the “Queen of Chorales.” The Queen of Chorales, “How Lovely Shines the Morning Star” (TLH 343) is the hymn we are studying this week. It is an excellent hymn which teaches the love of Christ, and especially of our salvation in Him.  Nilolai's seven original German stanzas of “How Lovely Shines the Morning Star” are an acrostic tribute to his friend and former student in Waldeck. The first letters of those seven verses are W,E,G,V,H,Z,W, which stands for “Willhelm Ernst, Graf vnd Herr zu Waldeck” (William Ernest, count and lord in Waldeck). Nicolai has wonderfully captured the Christian faith in this hymn as he shows Christ's love for His Bride, the Church. He constantly makes both obvious and hidden allusions to the Lord's Supper, which is Christ's way of feeding and preserving all of us. Ultimately our greatest joy is in Christ, the First and Last, who will transport us to His happy home where we will be with Him forever in the greatest joy. Until that day, we look for His returning with deep and eager yearning.  Oh Christian, rejoice in the salvation that is yours through Christ, your Morning Star. Sing praise to your Bridegroom, who feeds and nourishes your faith through Word and Sacrament. Proclaim the His praises, this weekend and throughout your life!

AI-Titel bleiben unter Druck – der Tech-Abverkauf geht in den dritten Tag. Oracle fällt erneut über 2 %, nachdem schwache Umsätze bereits am Donnerstag zweistellige Verluste ausgelöst hatten. Auch Broadcom rutscht trotz starker Zahlen fast 9 % ab – ebenso Micron und CoreWeave mit weiteren Abschlägen. Der Markt rotiert sichtbar raus aus AI und Big Tech, während Dow und S&P 500 neue Rekorde markieren. Die Nasdaq dagegen bleibt im Minus – belastet von Zweifeln an der Tragfähigkeit der milliardenschweren AI-Investitionen. Morningstar senkt Oracles Fair Value auf 286 Dollar, sieht die Aktie aber trotz Gegenwinds als unterbewertet. Abonniere den Podcast, um keine Folge zu verpassen! ____ Folge uns, um auf dem Laufenden zu bleiben: • X: http://fal.cn/SQtwitter • LinkedIn: http://fal.cn/SQlinkedin • Instagram: http://fal.cn/SQInstagram

Met goede omzet- en winstcijfers tóch onderuitgaan op de beurs. Het overkomt wel meer bedrijven en deze week was het de beurt aan Oracle. De koers ging zo'n 10 procent onderuit, terwijl er echt geen grote zorgen zijn, of het moet zijn dat de zorgen bij beleggers over de 'AI-bubbel' toenemen. Bij Han Dieperink van Aureus Vermogensbeheer is daarvan geen sprake. "Ik lees dat er zorgen zijn over de schuldenlast bij Oracle, maar dat is echt overdreven. Een schuld van 6 procent is voor een bedrijf als Oracle prima te dragen. Wim Zwanenburg van Stroeve Lemberger is het met hem eens. "Die cijfers van Oracle vielen mij hartstikke mee eerlijk gezegd. Allen de softwareontwikkeling viel een beetje tegen." Het algemene beurssentiment is ook nog steeds best goed, de experts verwachten een lichte maar gestage stijging voor de komende periode en de fundamentals zijn eigenlijk nog steeds prima. De winsten van de meeste grote bedrijven laten nog steeds groei zien en de vooruitzichten zijn ook nog steeds positief. Verder in de podcast aandacht onder andere voor de definitieve verhuizing en naamsverandering van Aegon en de overnamestrijd rond mediagigant Warner Bros. Natuurlijk bespreken we ook de luisteraarsvragen en geven de experts hun tip. Voor Wim is dat een algemene tip over een specifieke sector, Han tipt een Amerikaanse financiële instelling. Geniet van de podcast! Let op: alleen het eerste deel is vrij te beluisteren. Wil je de hele podcast (luisteraarsvragen en tips) horen, wordt dan Premium lid van BeursTalk. Dat kost slechts 9,95 per maand, 99 euro voor een heel jaar. Abonneren kan hier! VanEck ETF’s (advertorial) Deze week is ook weer het tweewekelijks gesprek te beluisteren met Martijn Rozemuller, ceo van VanEckETF’s, de partner van BeursTalk. Deze week is het laatste gesprek van dit jaar, dus we blikken terug en we kijken vooruit naar 2026. Tot slot zetten we nog twee ETF's in het zonnetje die het in de maand november erg goed deden. Terugkijkend op 2025 is Martijns conclusie dat het een heel goed jaar was. Dat geldt niet alleen voor de gestegen koersen die het vermogen onder beheer hebben laten stijgen, maar zeker ook voor de instroom in ETF's, die eveneens is toegenomen. Wat het jaar voor Martijn extra glans geeft, is dat VanEck zelfs harder is gegroeid dan de markt. Voor 2026 heeft Martijn zeker oog voor de risico's, maar de sterke trends die het succes van 2025 bepaalden, houden waarschijnlijk aan in het komend jaar. AI was natuurlijk de grote smaakmaker, maar Martijn vindt wel dat AI de groeibelofte in 2026 zal moeten waarmaken. Hoewel Martijn niet veel opheeft met ranglijsten, is toch aardig dat twee ETF's van VanEck in november in de top-10 van Morningstar. Het gaat, niet verrassend, om de VanEck Gold Miners UCITS ETF en de VanEck Junior Gold Miners UCITS ETF. Ook de trend in goud, denkt Martijn, zal in 2026 aanhouden. Geniet van de podcast! De gepresenteerde informatie door VanEck Asset Management B.V. en de aan haar verbonden en gelieerde bedrijven (samen "VanEck") is enkel bedoeld voor informatie en advertentie doeleinden aan Nederlandse beleggers die Nederlands belastingplichtig zijn en vormt geen juridisch, fiscaal of beleggingsadvies. VanEck Asset Management B.V. is een UCITS-beheerder. Loop geen onnodig risico. Lees de Essentiële Beleggersinformatie of het Essentiële-informatiedocument. Meer informatie? https://www.vaneck.com/nl/nl/See omnystudio.com/listener for privacy information.

Our guest on the podcast today is Joy Loverde. Joy is the author of Who Will Take Care Of Me When I'm Old? and The Complete Eldercare Planner. She also gives keynotes and workshops on aging and eldercare to many different types of organizations. In addition, she serves as a consultant to senior housing providers, HR professionals, attorneys, financial planners, clergy, and other members of the eldercare industry. She has also been a family caregiver to family and friends.BackgroundBioWho Will Take Care of Me When I'm Old? Plan Now to Safeguard Your Health and Happiness in Old AgeThe Complete Eldercare Planner, Revised and Updated 4th Edition: Where to Start, Which Questions to Ask, and How to Find HelpEldercare“'Aging in Place Has a Shelf Life': What This Eldercare Expert Wants You to Know,” by Beth Pinsker, marketwatch.com, Oct. 28, 2023.“Preparing Solo Agers to Receive Long-Term Care,” by Joy Loverde, generations.asaging.org, June 21, 2023.“How to Manage Sibling Conflict Over Care of Elderly Parents,” by Elaine K. Howley, health.usnews.com, Feb. 5, 2025.“Going Solo: How to Plan for Retirement When You're on Your Own,” by Diane Harris, nytimes.com, July 20, 2025.“Create a Life of Independence and Connection in Later Years,” seattletimes.com, June 30, 2025.OtherMy Mother's Money: A Guide to Financial Caregiving, by Beth Pinsker“Beth Pinsker: Lessons From ‘My Mother's Money,'” The Long View podcast, Morningstar.com, Nov. 4, 2025. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

The Reward of the Wise MenFile Size: 63344 kbFile Type: mp3Download File [...]

SOS - The Cost of the PropheticFile Size: 55291 kbFile Type: mp3Download File [...]

On today's Bible Answer Man broadcast (12/08/25), Hank comments on the fact that there are many stars, but only one Superstar. He spoke, and the universe leapt into existence. The morning stars together proclaimed His holy birth. He is the root and offspring of David, the bright and Morning Star. It's no wonder that the prophecies concerning Him outnumber all the others. Only Jesus of Nazareth—the unique Superstar—could emerge through the doorway of Old Testament prophecy.Hank also answers the following questions:Can a pastor be divorced according to 1 Timothy 3:2? David - MO (3:31)Were there incestuous relations between Adam and Eve's children? Annette - St. Louis, MO (5:58)What arguments would you give to prove that Jesus knew He was God? Josh - Nashville, TN (8:05)Does Isaiah 9:6 teach modalism? Is Jesus the Father as well as the Son? Vick - MO (15:59)How should we respond to people who mock us for believing in God? Dan - Bentonville, AR (19:18)Since Jesus knew what would happen before it happened, how do we reconcile this with Him saying, “My God, my God, why have you forsaken me?” Tiffany - Windsor, IL (23:10)

Another State Street retail property sells at a big discount. Crain's reporter Rachel Herzog discusses the Loop retail corridor with host Amy Guth.Plus: Blue Cross parent CEO got a hefty raise in 2024 despite 54% income drop; CME data center outage caused by human error, Cyrus One says; Morningstar to revamp analysis of mutual funds; and Smith family of Northern Trust and ITW gives record-breaking donation to Rush cancer center. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

This week, we're getting into the Christmas spirit… dividend investor style.

Linktree: ⁠https://linktr.ee/Analytic⁠Join The Normandy For Additional Bonus Audio And Visual Content For All Things Nme+! Join Here: ⁠https://ow.ly/msoH50WCu0K⁠Dive into Segment of Notorious Mass Effect with Analytic Dreamz for the complete ultra-compact breakdown of Hazbin Hotel Season 2—soundtrack, story, critical reception, sales, and Season 3 setup.Analytic Dreamz unpacks the explosive 20-track soundtrack (Nov 19, 2025, Atlantic/A24) by Sam Haft & Andrew Underberg: pop-jazz-rock anthems featuring Erika Henningsen, Christian Borle, Alex Brightman, Jessica Vosk, Jeremy Jordan, Darren Criss, and more. Fan faves like "Gravity" (Vosk/Brightman vocal powerhouse), "VOX POPULI" (Jordan/Borle media satire), and "Losin' Streak" (Blake Roman bop) drive 125M+ global streams in 2 weeks (70% Spotify/Apple), outpacing S1 by 30%. Debut #70 Billboard 200 (13K units), Week 2 #8 Top 10 breakthrough; 35K+ TikTok/IG creates fuel 15% weekly growth; physicals (5 vinyls, CD, cassette) sold out via merch bundles.Story arc (Oct 29–Nov 19, 8 eps on Prime Video): Charlie rebuilds post-Extermination, battles Vox's Heaven-infiltrating weapon & Vees' smear campaign. Alastor breaks Vox deal; Angel Dust's hypnosis betrayal leads to Husk uncertainty & Vees return; Heaven/Hell unite vs. explosion. Emotional peaks: Lilith's call to Charlie. Critics rave (ScreenRant: "outdoes S1 emotional resonance"; Radio Times: "fluid soundtrack"; Album of the Year 78/100; ComicBook.com: Heaven/Hell insights)—despite minor rushed fusions.S3 tease: Haft's "different vibe" with fan duets (Alastor/Charlie, Lucifer/Lute), non-singers debut, Lilith focus, Morningstar arcs; music done, 2026 window. Full tracklist, stats verified—Hazbin's raunchier, deeper musical Hellaverse evolution. Notorious Mass Effect, powered by Analytic Dreamz.Support this podcast at — https://redcircle.com/analytic-dreamz-notorious-mass-effect/donationsPrivacy & Opt-Out: https://redcircle.com/privacy

It's our annual Christmas gifts episode! We run through some gifts that you can give to your favourite investor, and we take part in our annual tradition of getting each other a gift. A message from Mark and ShaniFor the past five years, we've released a weekly podcast to arm you with the tools to invest successfully. We've always strived to provide independent, thoughtful analysis, backed by the work of hundreds of researchers and professionals at Morningstar.We've shared our journeys with you, and you've shared back. We've listened to what you're after and created a companion for your investing journey. Invest Your Way is a book that focuses on the investor, instead of the investments. It is a guide to successful investing, with actionable insights and practical applications.The book is now available! It is also available in Audiobook format from most sellers.Purchase from Amazon or Purchase from BooktopiaTo submit any questions or feedback, please email mark.lamonica1@morningstar.com or leave us a voicemail to feature on the podcast here.Audio Producer and mixer: William Ton. Hosted on Acast. See acast.com/privacy for more information.

Most retirees want to spend as much as they can without having to worry about running out of money. Morningstar's State of Retirement Income research analyzes retirement spending strategies to determine the highest safe starting withdrawal rate for new retirees in 2026. Christine Benz, Morningstar's director of personal finance and retirement planning and co-host of The Long View podcast, breaks down the research and shares some ideas about how you can boost your retirement spending.What's a Safe Retirement Withdrawal Rate for 2026?On this episode:00:00:00 Welcome00:00:46 Each year, you and your colleagues producethis really comprehensive research about retirement income. And as part of that research, you try toidentify what a safe withdrawal rate will be for the year ahead. 00:01:59 What is that safe withdrawal percentage, and how did you arrive at that conclusion?00:02:41 The 4% rule often comes up in the conversation around retirement spending. How does that compare to your base case?00:03:30 I know there are some misperceptions about your retirement income research and what that safe withdrawal percentage means. What are they? 00:03:28 So, how should retirees use this research?00:04:51 The safe starting withdrawal rate that you found in your base case might feel a little low for some retirees. Are there other strategies that retirees can use to boost their spending?00:07:02 So, flexible strategies are best suited for retirees that are focused on maximizing their spending. 00:08:52 What kind of retiree would benefit from a more rigid strategy, like the fixed inflation-adjusted spending approach that you use in your base case?00:09:26 How does asset allocation come into play? Would a stock-heavy portfolio support a higher withdrawal rate in retirement?00:10:36 So far, we've focused on portfolio income strategies, but you also looked at nonportfolio income sources like annuities and Social Security. What did you find?00:13:34 It seems like there's some more nuance to the suggestion of delaying Social Security. Can you talk about that? 00:14:50 How about annuities? Can you discuss some of the key considerations that income-centric retirees should bear in mind?00:16:07 Studies have found that retirees don't actually spend the same amount over the course of their retirement. What does actual retirement spending tend to look like, and how might that affect a retiree's plans?00:17:59Let's talk about some scenarios that can throw off a retiree's plan. One might be a market downturn early in retirement. What kind of impact could that have on spending? 00:18:56 Another scenario might be retiring earlier than expected. What kind of implications would that have for safe withdrawals?00:20:26 What is one final takeaway from the research that you want retirees to come away with?  Watch more from Morningstar:How ETFs Help You Cut Your Tax BillTax-Loss Harvesting Isn't Just for Downturns. Here's WhyBond ETFs Are Surging in Popularity in 2025. Here Are 5 of the Best Follow Morningstar on social:Facebook https://www.facebook.com/MorningstarInc/X https://x.com/MorningstarIncInstagram https://www.instagram.com/morningstarinc/?hl=enLinkedIn https://www.linkedin.com/company/morningstar/posts/?feedView=all Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

Morningstar's 2026 Investment Outlook is live, offering clear context on the forces that will shape the year ahead and beyond. If there's one takeaway for investors, it's this: Preparation beats prediction. Markets will keep shifting—tariffs, the Fed, geopolitics, and the rapid buildout of AI infrastructure—and trying to forecast every twist isn't a strategy. Building resilient portfolios is. That's why our outlook avoids bold predictions and instead focuses on rational, evidence-based decision-making across the issues that matter most to advisors and their clients. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

This episode digs into the unwelcome December surprise of capital-gains distributions, especially from actively managed mutual funds. Don and Tom break down Morningstar's latest list of high-distribution offenders, spotlighting the astonishing 83% capital-gains payout from the Royce Midcap Total Return Fund. They compare the tax drag, costs, turnover, and long-term underperformance of these funds against index funds and ETFs, and explain why tax-efficient investing matters far more than most people realize. Listener questions cover overly complex portfolios, Edward Jones stock positions, odd-lot tender offers, and whether large-cap blue-chip stocks remove the need for bonds. The episode closes with a reminder that detailed portfolio triage is best handled in one-on-one meetings. 0:04 Capital-gains season returns and why high fund returns can still hurt 0:29 Don & Tom on weather, wardrobe, and warming up in Florida 1:30 December capital-gains distributions and why they happen 2:07 Morningstar's warning: active funds with big capital-gains payouts 3:06 Vanguard, T. Rowe Price, and American Funds distribution levels 4:09 The biggest offender: Royce Midcap Total Return Fund 5:41 Why 35 funds will distribute more than 10% of assets 5:52 The stunning number: Royce's 83% capital-gains distribution 6:52 Why big outflows and poor performance drive big taxable events 7:21 Royce's turnover, tiny size, high costs, and weak long-term returns 8:47 Why it's critical to hold active funds only in tax-advantaged accounts 10:07 ETFs vs mutual funds: tax efficiency and turnover differences 11:42 Comparing Royce to Avantis AVGE on fees, turnover, and performance 12:16 How AVGE tracks its index vs Royce's massive underperformance 13:33 When selling an active fund before a distribution may or may not help 14:05 Listener question: overly detailed allocation request — why it needs a meeting 16:29 Why some questions require one-on-one analysis 18:20 Why Appella's free meetings exist (and what they're not) 20:35 Odd-lot tender offers explained 22:14 Listener: selling Edward Jones stock holdings and leaving EJ 23:42 Why small, young investors should clean up taxable accounts early 24:24 The long decline of commission-based brokerage 25:26 Bothell check-in: blue-chip stocks vs bonds 27:18 Historical returns: 98 years of total market vs small-cap value 28:49 Why bonds exist in a portfolio despite low recent returns 29:30 Closing thoughts on discipline, diversification, and realism Learn more about your ad choices. Visit megaphone.fm/adchoices

In this conversation, Etinosa and Diane discuss the intricacies of decision-making in business relationships, focusing on how pricing strategies can influence client engagement. Etinosa emphasizes the importance of framing decisions in a way that leads clients to consider options rather than simply agreeing to work together. The dialogue highlights the shift from a binary decision to a more nuanced discussion about service packages and their value. Etinosa is a behavioral economist and CEO of Decision Alpha, a pricing strategy firm that helps businesses achieve sustainable growth through smarter, psychology-driven pricing. With over a decade of experience across global financial institutions and startups, her work helps businesses replace guesswork and anxiety with confidence and profitability. Etinosa's insights have been featured in MarketWatch and Morningstar. Be sure to check out her behavioural pricing playbook. If you are a small business owner or salesperson who struggles with getting the sales results you are looking for, get your copy of Succeed Without Selling today. Learn the importance of Always Be Curious. Accelerate Your Business Growth is proud to be included on the list of the 45 Best Business Growth Podcasts. We are also honored to be selected by FeedSpot as one of the Top 10 Growth Hacking Podcasts, Top 25 Evergreen Podcasts and Top 50 Business Growth Podcasts on the web. Each episode of this podcast provides insights and education around topics that are important to you as a business owner or leader. The content comes from people who are experts in their fields and who are interested in helping you be more successful. Whether it's sales challenges, leadership issues, hiring and talent struggles, marketing, seo, branding, time management, customer service, communication, podcasting, social media, cashflow, or publishing, the best and the brightest join the host, Diane Helbig, for a casual conversation. Discover programs, webinars, services, books, and other podcasts you can tap into for fresh ideas. Be sure to subscribe so you never miss an episode and visit Helbig Enterprises to explore the many ways Diane can help you improve your business outcomes and results. Learn more about your ad choices. Visit megaphone.fm/adchoices

Morningstar's Dan Romanoff considers the revenue from Salesforce's (CRM) Agentforce important for future prospects. One concern he has moving forward: how much companies actually seek use cases for enterprise A.I. Keith Kirkpatrick echoes that sentiment and labels it as the reason Agentforce sales weren't as large as some investors were hoping for. ======== Schwab Network ========Empowering every investor and trader, every market day.Options involve risks and are not suitable for all investors. Before trading, read the Options Disclosure Document. http://bit.ly/2v9tH6DSubscribe to the Market Minute newsletter - https://schwabnetwork.com/subscribeDownload the iOS app - https://apps.apple.com/us/app/schwab-network/id1460719185Download the Amazon Fire Tv App - https://www.amazon.com/TD-Ameritrade-Network/dp/B07KRD76C7Watch on Sling - https://watch.sling.com/1/asset/191928615bd8d47686f94682aefaa007/watchWatch on Vizio - https://www.vizio.com/en/watchfreeplus-exploreWatch on DistroTV - https://www.distro.tv/live/schwab-network/Follow us on X – https://twitter.com/schwabnetworkFollow us on Facebook – https://www.facebook.com/schwabnetworkFollow us on LinkedIn - https://www.linkedin.com/company/schwab-network/ About Schwab Network - https://schwabnetwork.com/about

A boost to the copper price and weaker US jobs data improving rate cut sentiment has helped lift the Australian share market, despite stronger than expected household spending data dampening hopes of future interest rate cuts locally. In fact, markets are increasingly pricing-in rate hikes in 2026. For more on this, Stephanie Youssef spoke with Morningstar chief investment officer Matt Wacher. Plus, ASFA CEO Mary Delahunty on the superannuation peak body's latest Retirement Standard.

Welcome back to Fintech Takes. I'm Alex Johnson, joined (as always) by my Jason Mikula, my partner in recapping — who I've been lucky to see a lot of lately, which makes recording this over the internet feel oddly impersonal? First up, open banking updates. JPMC has updated data-access contracts with Plaid, Yodlee, Morningstar, and Akoya; covering, reportedly, 95% of data pulls on its systems (but is silent on players like Finicity, Stripe, Trustly, and MX). Meanwhile, the CFPB wants to finalize its 1033 rule by year's end, possibly skipping key steps like the small business panel. The rule may allow data fees tied to “cost recovery,” but what counts as cost (and who has the leverage to charge it) is still very much in play. Then it's onto digital IDs. Apple now lets users create an identity credential in Wallet from a passport, using NFC and a liveness check. Jason tested it. It works, but usage is limited to select TSA checkpoints. And adoption faces the same slow climb as Apple Pay, but with higher risks if it fails. Identity credentials aren't like payments: you don't want them glitching at airport security! From there, Green Dot (which some might describe as an OG fintech company) is going private and splitting up. Smith Ventures is buying the non-bank side, while CommerceOne (also backed by Smith) takes over the bank and folds it into a new holding company. It's a move that looks like extraction (pulling the combo out of public markets that never knew how to value it), which raises questions for other banks trying to thread the same needle. Plus, in our Can't Let It Go corner: Jason dives into the latest lawsuit against Meta, where internal docs reveal the company blocked safety features that threatened growth, ran a 17-strike policy before removing sex traffickers (described as a very, very, very high threshold), and drew its own comparisons to Big Tobacco. And I flag a podcast moment so surreal it sounds fake: the CEO of Roblox endorsing prediction markets for kids (as long as they're framed as “educational”). Thanks for listening!  This episode was brought to you by Marqeta. Don't sacrifice agility for stability. With Marqeta, launch payments experiences that perform at scale and flex with your business. Learn more at https://marqeta.com/ftt Sign up for Alex's Fintech Takes newsletter for the latest insightful analysis on fintech trends, along with a heaping pile of pop culture references and copious footnotes. Every Monday and Thursday: https://workweek.com/brand/fintech-takes/  And for more exclusive insider content, don't forget to check out my YouTube page. Follow Jason: Newsletter: https://fintechbusinessweekly.substack.com/ LinkedIn: https://www.linkedin.com/in/jasonmikula/   Follow Alex:  YouTube: https://www.youtube.com/channel/UCJgfH47QEwbQmkQlz1V9rQA/videos LinkedIn: https://www.linkedin.com/in/alexhjohnsonTwitter: https://www.twitter.com/AlexH_Johnson

The third book in the Red Rising trilogy, "Morning Star" is quite the explosive finish. And it might include some of the best character development we've seen in ages. Video: https://youtu.be/AyivAKuDemE

Jesus is the true source of hope, clarity, and guidance. Just as the morning star signals a new day, Christ's birth marked the dawn of salvation. This message reminds us that His light brings direction and joy to every believer.

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Today on The Long View, we're featuring an episode from another Morningstar podcast, The Morning Filter, which you can subscribe to on Apple podcasts or wherever you get your podcasts. In this special episode of The Morning Filter podcast, co-host Susan Dziubinski sits down with Morningstar columnist Dan Lefkovitz to take a deep dive into dividend stock investing today. They discuss what's caused U.S. dividend stocks to lag this year while international dividend stocks have outperformed. Tune in to find out why the stock buyback boom is bad news for dividend seekers and what metrics investors should look at if they want to avoid dividend cuts.They name drop a few undervalued stocks that Morningstar thinks have stable dividends, cover why dividend growth stock investing is underappreciated, and close with a discussion about whether dividend stocks are poised to outperform in 2026. Episode Highlights Dividend Stock Performance: 2025 RecapWhat the Buyback Boom Means for Dividend Investors3 Ways to Spot a Dividend Cut EarlyDividend Growth Stocks: Why Bother? Read about topics from this episode. Stock Buybacks Are Booming in 2025. That's Bad News for Dividend InvestorsThe Surprising Truth About Dividend Growth StocksNot All Dividend Stocks Are Safe. Here's How to Avoid Dividend TrapsWhy International Dividend Stocks Have Pulled Ahead Got a question for Dave? Send it to themorningfilter@morningstar.com. Follow Dave on social media.Dave Sekera on X: @MstarMarketsDave Sekera on LinkedIn: https://www.linkedin.com/in/davesekera Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

Retirement technology is rapidly transforming the way advisors and plan sponsors deliver planning advice. In this episode of the 401(k) Specialist Podcast, Editor-in-Chief Brian Anderson sits down with Michael Allen, Morningstar Retirement's Global Head of Retirement Technology, to explore how innovation is making retirement advice more personalized, scalable, and impactful.Allen shares insights on how Morningstar turns ideas into digital solutions, the technologies most likely to redefine the participant experience—like AI, predictive analytics, and behavioral nudges—and how innovation stays grounded in what participants really need.Key Insights:AI boosts personalization in retirement planningMichael Allen shares how AI lets Morningstar offer dynamic, personalized advice. Instead of long forms, participants now engage in simple, human-like conversations.Innovation solves real user pain pointsMorningstar's tools, like “AI Insights,” were built to fix specific issues—such as time-consuming reporting—by highlighting key data instantly.Advice at scale with human oversightMorningstar combines AI with trusted forecasting tools. The goal: deliver tailored advice while letting advisors focus on what humans do best.

In our guest episode today, we host Matt Wacher, Chief Investment Officer, APAC at Morningstar Investment Management (MIM). We run through where MIM sees opportunities, what they consider overvalued and how investors should approach markets.A message from Mark and ShaniFor the past five years, we've released a weekly podcast to arm you with the tools to invest successfully. We've always strived to provide independent, thoughtful analysis, backed by the work of hundreds of researchers and professionals at Morningstar.We've shared our journeys with you, and you've shared back. We've listened to what you're after and created a companion for your investing journey. Invest Your Way is a book that focuses on the investor, instead of the investments. It is a guide to successful investing, with actionable insights and practical applications.The book is now available! It is also available in Audiobook format from most sellers.Purchase from Amazon or Purchase from BooktopiaTo submit any questions or feedback, please email mark.lamonica1@morningstar.com or leave us a voicemail to feature on the podcast here.Audio Producer and mixer: William Ton. Hosted on Acast. See acast.com/privacy for more information.

#top .av-special-heading.av-gs9o3p-59fe53349354d544a53a78ad265b9a37{ padding-bottom:10px; } body .av-special-heading.av-gs9o3p-59fe53349354d544a53a78ad265b9a37 .av-special-heading-tag .heading-char{ font-size:25px; } .av-special-heading.av-gs9o3p-59fe53349354d544a53a78ad265b9a37 .av-subheading{ font-size:15px; } Through My Bible Yr 02 – November 292 Peter 1:12-21 LISTEN HERE Through My Bible – November 29 2 Peter 1:12-21 (EHV) https://wels2.blob.core.windows.net/tmb-ehv/02-1129db.mp3 See series: Through My Bible 2 Peter 1 12 That is why I intend [1] always to keep reminding you of these things, even though you already know them and are established in the truth you now have. 13 I think it is right, as long as I am in this tent, to keep you wide awake by reminding you, 14 because I know that the putting off of my tent is going to happen soon, as our Lord Jesus Christ has made clear to me. 15 I will also make every effort so that after my departure you always have a reminder of these things. We Have God's Inspired Word 16 To be sure, we were not following cunningly devised fables when we made known to you the powerful appearance of our Lord Jesus Christ, but we were eyewitnesses of his majesty. 17 For he received honor and glory from God the Father, when the voice came to him from within the Majestic Glory, saying, “This is my Son, whom I love; with him I am well pleased.” [2] 18 We heard this voice, which came out of heaven when we were with him on the holy mountain. 19 We also have the completely reliable prophetic word. You do well to pay attention to it, as to a lamp shining in a dark place, until the day dawns and the Morning Star rises in your hearts, 20 since we know this above all else: No prophecy of Scripture comes about from someone's own interpretation. 21 In fact, no prophecy ever came by the will of man, but men spoke from God [3] as they were being carried along by the Holy Spirit. Footnotes 2 Peter 1:12 A few witnesses to the text read I will not neglect. 2 Peter 1:17 Matthew 17:5; Mark 9:7; Luke 9:35 2 Peter 1:21 Some witnesses to the text read holy men of God spoke. #top .hr.hr-invisible.av-aocsdx-89cb4ca21532423cf697fc393b6fcee0{ height:10px; } The Holy Bible, Evangelical Heritage Version®, EHV®, © 2019 Wartburg Project, Inc. All rights reserved. #top .hr.hr-invisible.av-4vzadh-3f04b370105df1fd314a2a9d83e55b26{ height:50px; } Share this entryShare on FacebookShare on LinkedInShare by MailLink to FlickrLink to InstagramLink to Vimeo

Exchange-traded funds can help you cut your tax bill. All funds must distribute capital gains from the stocks and bonds that they sell throughout the year. The gains can leave you stuck with unwanted taxes. ETFs and mutual funds differ when it comes to tax efficiency. It starts with how the investments are traded and how the transactions are treated. The differences can result in ETF investors owing less than mutual fund investors or nothing at all because ETFs can minimize their capital gain distributions. Bryan Armour, Morningstar's director of ETF and passive strategies research for North America, explains how ETFs beat mutual funds at the tax game.ETFs vs. Mutual Funds: The Benefits That Really Matter On this episode:00:00:00 Welcome00:01:01 ETFs are more tax-friendly than their mutual fund rivals. Why is that?00:02:17 How does the way ETFs are traded limit the tax drag that affects mutual funds?00:03:23 ETF investors will eventually pay a tax bill. Why is it important to control when that happens?00:04:04We talked about tax drag. What about cash drag? How are ETFs winning here?00:04:51An ETF's underlying strategy can sharpen or dull the edge it has over a mutual fund when it comes to capital gains. Which ETF strategies have held the biggest advantage over the past few years?00:05:40Can you talk about the tax issues involving international stocks when managing gains in an ETF?00:06:55And what about taxable-bond ETFs versus mutual funds?00:07:37 Some ETFs do not benefit from tax efficiency. Which investments are those, and why don't they?00:08:24High-turnover strategies, where there's a lot of buying and selling, can result in a big tax bill for investors. What have you found when you compared two momentum strategies?00:08:58How can outflows leave loyal investors with a big tax bill?00:09:49Active ETFs' popularity is soaring. How tax-friendly are these investments versus their passive peers and mutual funds?00:10:52 Which ETFs belong in taxable accounts and tax-advantaged accounts like an IRA or 401(k) to maximize tax efficiency?00:11:55What if someone listening or watching just realized they should work on their asset location? What should they do?00:12:54What's the takeaway for using ETFs to cut tax bills? Watch more from Morningstar:Tax-Loss Harvesting Isn't Just for Downturns. Here's Why Bond ETFs Are Surging in Popularity in 2025. Here Are 5 of the BestInvestors Still Need to Mind the Gap in Their Funds' Returns Follow Morningstar on social:Facebook https://www.facebook.com/MorningstarInc/X https://x.com/MorningstarIncInstagram https://www.instagram.com/morningstarinc/?hl=enLinkedIn https://www.linkedin.com/company/morningstar/posts/?feedView=all Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

SBS Finance Editor Ricardo Gonçalves speaks with Nathan Zaia from Morningstar about APRA's tightening of lending rules for high risk borrowers to find out if it will make a difference; plus, the day on the sharemarket with Hugh Lam from Betashares.

Recorded from our new home on Bainbridge Island and released on Thanksgiving, this episode is equal parts gratitude and practical investing help. I open with my annual tradition of writing a fresh Thanksgiving list—people, communities, and institutions that have shaped my life and this work. I'm especially thankful for you, the DIY investors who keep showing up to learn, ask thoughtful questions, and hopefully staying the course.I also share appreciation for the resources that support disciplined investing—Morningstar, the Bogleheads community, and the American Association of Individual Investors (AAII). After a recent AAII presentation (over 150 attendees), we ran out of time for a live Q&A. I promised to respond to every legitimate question, so this episode kicks off a multi-part series answering them in depth.Here are the first 12 AAII questions covered in today's episode:(9:42) What alterations in portfolio construction do you recommend in transition from accumulation to distribution in order to maximize diversification of uncorrelated assets, safe withdrawal rates, and spending? ⁠Table h2a (21:21) I'm a huge fan of your U.S. two-fund portfolio. Why is diversification between large-cap growth and small-cap value so important, while diversification between VTSAX and AVUS (within the same asset class) is not? Should we diversify fund selection within the same asset class? Table K2b(26:49) Have you considered creating a quilt chart for the Ultimate Buy-and-Hold portfolios with a 70/30 U.S./international split? Table K1a and H2a and H2b(32:04) You appear to have avoided any mention of mid-cap. Should we be ignoring mid-cap funds?(33:35) What do you think about adding alternative investments to the portfolio (for example, managed futures)?(38:39) Are your recommendations for everyone, or does the game change when you have a pension for life?(43:07) I was fighting with the Zoom link and arrived 25 minutes into the presentation. Will a video recording be available to participants?(44:08) What would you expect the difference between the S&P 500 cap-weighted index (VFINX)and the S&P 500 equal-weighted index (VADAX)  to be?(49:53) The four-fund portfolios are equal-weighted across their asset classes, which results in a value tilt overall. Why weigh them equally?(54:35) One might think that adding international large-cap growth and international small-cap value to the two-fund approach would improve results. Does international allocation mainly reduce volatility/drawdown length, or also increase returns?  H2a and H2b(56:26) Can you buy DFA and Avantis funds at Charles Schwab?(58:40) What should you do if you have a lump sum to invest today, but current market highs make entry uncomfortable? https://awealthofcommonsense.com/2025/11/do-we-need-a-long-bear-market/

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Our guest this week is our colleague, Eric Jacobson. Eric is a senior principal for fixed-income strategies on Morningstar's Manager Research team. He focuses on a variety of taxable, tax-exempt, and nontraditional managed strategies. He covers some of the key asset managers, he publishes thought leadership, and he is a member of the Morningstar Medalist Ratings Committee. Eric joined Morningstar in 1995 as a closed-end fund analyst and also had a stint on Morningstar Indexes, where he helped launch our original Bond Benchmark Suite. Before Morningstar, Eric worked at Kemper Financial Services. He is also a proud graduate of the University of Wisconsin-Madison.Show NotesBackgroundBioBond Market and Semiliquid Funds“Why the Bond Market Is Fertile Ground for Active Management,” by Eric Jacobson, Morningstar.com, Aug. 28, 2025.“6 Critical Lessons for Bond Investors,” by Eric Jacobson, Morningstar.com, Dec. 26, 2023.“How to Measure Your Fund's Liquidity Risk,” by Brian Moriarty, Morningstar.com, Oct. 21, 2025.“New Ratings Reveal Challenges for Semiliquid Funds,” by Bryan Armour, Morningstar.com, Nov. 12, 2025.Other“Eurozone Debt Crisis: Causes, Consequences, and Solutions (2008-2012),” by Daniel Liberto, Investopedia.com, Sept. 29, 2025.“Automotive Industry Crisis of the 2000s,” by Kerry Skemp, ebsco.com.“When It Comes to Bonds, Don't Be a Hero,” by Christine Benz, morningstar.com, Oct. 6, 2025.Bill GrossDan Fuss Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

Skippy & Doogles dive into operating margins across industries, break down a wild Morningstar strategy that involved buying 4,000 terrible stocks and made bank. And then debate whether Google just leapt past NVIDIA in the AI chip race.In this episode:Operating margin quiz: Ports vs. Pizza vs. Car RentalsA 70% drawdown strategy that might actually workGoogle's surprise AI + chip resurgence (is Gemini now the AI model?)Value investing is still dead…for nowJoin the premium Skippy and Doogles fan club. You can also get more details about the show at skippydoogles.com, show notes on our Substack, and send comments or questions to skippydoogles@gmail.com.

Shani and Mark speak about offset accounts. There are smart ways to take advantage of your offset account, but balance is the key.You can find the full article here.A message from Mark and ShaniFor the past five years, we've released a weekly podcast to arm you with the tools to invest successfully. We've always strived to provide independent, thoughtful analysis, backed by the work of hundreds of researchers and professionals at Morningstar.We've shared our journeys with you, and you've shared back. We've listened to what you're after and created a companion for your investing journey. Invest Your Way is a book that focuses on the investor, instead of the investments. It is a guide to successful investing, with actionable insights and practical applications.The book is now available! It is also available in Audiobook format from most sellers.Purchase from Amazon or Purchase from BooktopiaTo submit any questions or feedback, please email mark.lamonica1@morningstar.com or leave us a voicemail to feature on the podcast here.Audio Producer and mixer: William Ton. Hosted on Acast. See acast.com/privacy for more information.

Your portfolio might be due for an end-of-the-year cleanup. The Morningstar US Market Index is up about 15% through mid-November 2025, and overall performance has been strong for years (even after 2022's down market). That said, some stock sectors have performed significantly better than others, and performance can vary widely even within a sector. That could mean you'relikely holding some winners and some losers. Tax-loss harvesting could help trim your tax bill to save some money. While you're tuning up your portfolio, it could also be a good opportunity to bring your asset allocation back into balance. Morningstar portfolio strategist Amy Arnott is here to explain how to pull off both strategies.How to Rebalance Your Portfolio in a Lofty Market https://www.morningstar.com/portfolios/how-rebalance-your-portfolio-lofty-marketOn this episode:00:11 Welcome01:03 What is tax-loss harvesting, and how does it work?01:41 Is a brokerage or retirement account better suited for tax-loss selling? Why?02:12 The US stock market has experienced solid growth so far in 2025. Do up markets make it harder to spot losses?02:52 Why is tax-loss harvesting still a good strategy even when times are good?03:32 Where can investors find losses to offset gains in their portfolio this year? Let's start with stocks.04:33 And what about mutual funds and ETFs?05:17 Can you explain what wash-sale rules are, and how to play by the IRS' rules?06:39 What are some other strategic ways to take advantage of the losses?07:55 In the spirit of tuning up our portfolio, this might be a good time to rebalance. How does that work, and why can it be an emotional challenge sometimes?09:14 The 60/40 portfolio might need rebalancing. What's happened over the past decade?09:43 And what about growth versus value and US versus international stocks?10:44 What are a few tips on how to restore balance to a portfolio? 12: 48 What is the takeaway for taking this time of year to do tax-loss harvesting and rebalancing?  Watch more from Morningstar:Bond ETFs Are Surging in Popularity in 2025. Here Are 5 of the BestInvestors Still Need to Mind the Gap in Their Funds' ReturnsThe US Dollar Is Weak. Is Your Portfolio at Risk? Follow Morningstar on social:Facebook https://www.facebook.com/MorningstarInc/X https://x.com/MorningstarIncInstagram https://www.instagram.com/morningstarinc/?hl=enLinkedIn https://www.linkedin.com/company/morningstar/posts/?feedView=all Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

SBS Finance Editor Ricardo Gonçalves speaks with Lochlan Halliday from Morningstar to find out what spooked investors despite Nvidia's better than expected profit and if it's likely to last.

You and Tom spend this episode unpacking a surprisingly liberating idea for investors: that average is good enough. Kicking off with your own story about a two-star podcast rating, you two stumble into a bigger truth—most people are chasing a level of portfolio perfection that doesn't matter. Christine Benz's Morningstar piece becomes the backbone of the discussion, contrasting “maximizers” (engineers, tinkerers, over-optimizers) with “satisfizers” (simple, diversified, sane). From there you hit Tesla's trillion-dollar pay package drama, Bito's goofy “dividends,” SGOV vs. CD ladders, fears about private equity sneaking into retirement plans, and a few classic Don-and-Tom tangents. The message: stop overthinking, build a sensible portfolio, and go live your life. 0:04 Don's two-star review existential crisis and the epiphany about doing things for joy 1:16 Why being “average” in investing (and life) is perfectly fine 1:45 Elon Musk compensation debate and ETF shareholders not getting a vote 3:12 Don's “brilliant raving lunatic” take on Elon and Tesla's dominance 4:38 The kings of tangentiality finally introduce the show 5:55 Christine Benz and the “Good Enough Portfolio” philosophy 6:36 Maximizers vs. satisfizers explained (plus Bogle bobbleheads) 8:53 Why over-optimization rarely improves results 9:56 Happiness and second-guessing: satisfizers win 11:22 Time costs, tax worries, and the illusion of finding a perfect portfolio 12:33 Two-fund vs. ten-fund portfolios and why simplicity works 13:55 Working harder doesn't usually make you richer—your job does 14:25 Listener letter: long-time fan from Silverdale reminisces about 1988 15:26 Tom recalls being put on the air after several glasses of wine 16:03 Acorns user asks about BITO's wild “dividends” 18:10 Why BITO's payouts are actually return of capital and cannibalization 19:58 BITO's volatility roller-coaster (standard deviation 53) 20:12 SGOV vs. CD ladders for short-term retirement cash 22:07 Why emergency funds shouldn't sit in a Roth IRA 22:58 Listener concerned about private equity creeping into 401(k)s 23:52 PE risks, political pressure, and greater-fool concerns 25:27 Don thanks listener “AlwaysLearning1953” for the positive review 26:49 Murder of Crows, sound effects, and the power of scary crows 27:36 New Tales Told update—more stories on the way 28:38 Saturday live show reminder and flyover banter 28:58 Don's Kansas/Leavenworth childhood story detour Learn more about your ad choices. Visit megaphone.fm/adchoices

Don and Tom open with the investor mistakes Christine Benz highlighted in Morningstar: portfolio sprawl, concentration in the same large-cap tech names, clinging to ancient active funds, ignoring reallocations, and failing at both asset allocation and asset location. The show then shifts into calls—first about fears of an “AI crash,” then a heartbreaking case of an 80-year-old widow stuck in an expensive, incoherent Schwab-built portfolio, which Don dismantles live. Later, Roth conversion strategy, smishing scams, and a closing riff on Bitcoin's extreme volatility versus gold. A packed episode on how bad habits, high fees, and fear derail investors—and how a simple, globally diversified plan avoids most of it. 0:04 Intro and Christine Benz's list of common portfolio mistakes 0:56 Portfolio sprawl and “hodgepodge-itis” 1:32 Overloaded baskets of large-cap tech stocks 2:52 The 31-year-old underperforming fund problem 3:54 Active vs. passive: the shift the industry still hasn't admitted 4:03 Asset allocation errors driven by ignoring the plan 4:51 Why rebalancing matters (and why people never do it) 5:40 Asset location mistakes and why taxes demand a smarter structure 6:15 Why these errors are easy to fix with a simple plan 7:58 Don solo; open phones 8:23 Caller: Fear of an “AI crash” and whether it can tank the market 11:16 Building a portfolio that can withstand any crash 13:01 International ballast and why planning matters more than predictions 14:27 Don solo again; open phones 15:17 Smishing scams and the rise of SMS-based fraud 16:13 How cheap scam-software makes fraud explode 17:08 Caller: 80-year-old widow with an awful Schwab portfolio 18:27 Don investigates the tickers—high fees, obscure funds, bad structure 19:57 Schwab dropped her; Don: “This advisor should be fired” 21:07 Why the portfolio lost money and what those numbers really mean 22:26 Active funds, high turnover, and tax drag 24:01 Don's verdict: unload the mess and move to simple, low-cost indexing 25:01 Why a target-date fund may be the cleanest fix 26:33 Take the risk quiz; why advisors should be boring 27:00 Don vents about industry incompetence and fee-only failures 28:23 Why advisors chase “exciting” instead of sound 30:02 Caller: Roth conversion when 70% of assets are in traditional IRAs 31:25 Why conversion benefits are minor but sometimes worthwhile 32:33 Strategy: convert up to top of the 24% bracket 33:19 Wrap-up and call for last questions 34:56 Gold vs. Bitcoin: which is actually stable? 36:09 Why Bitcoin's volatility makes it a terrible “currency” Learn more about your ad choices. Visit megaphone.fm/adchoices

 Our guest on the podcast today is Dan Haylett, who's the author of a new book called The Retirement You Didn't See Coming. Dan is a financial planner and head of growth for TFP Financial Planning based in the UK. Dan focuses on financial planning, retirement planning, and life planning for people over age 50. He also hosts a podcast called Humans vs. Retirement that is centered on the behavioral aspects of retirement. Prior to joining TFP, Dan occupied several positions in the asset management industry. Dan, welcome back to The Long View.BackgroundBioHumans vs. Retirement podcastThe Retirement You Didn't See Coming: The Guide to the Human Side of Retirement Nobody Warns You AboutTFP Financial Planning“Dan Haylett: Retirement Planning = Life Planning,” The Long View podcast, Morningstar.com, Dec. 5, 2023.Retirement and Happiness“Can You Afford to Retire?—3 Questions to Ask Yourself!” Humans vs. Retirement video, youtube.com, June 2025.“The Fragile Decade: Retirement's Danger Zone,” by Dan Haylett, humansvsretirement.com, June 30, 2025.“Your Brain Has Two Sides. Retirement Needs Both,” by Dan Haylett, linkedin.com, October 2025.“A Plan for Your First 12 Months in Retirement,” Humans vs. Retirement video, youtube.com, 2024.“Few and Deep: The Retirement Lens That Changes Everything,” by Dan Haylett, humansvsretirement.com, Sept. 9, 2025.“Why Retirement Can Feel More Like a Void Than a Victory,” by Dan Haylett, humansvsretirement.com, March 28, 2025.“The Best Things in Retirement Aren't Things at All,” by Dan Haylett, humansvsretirement.com, Feb. 6, 2025.“Don't Let the Fear of the Future Steal Your Retirement Joy,” by Dan Haylett, humansvsretirement.com, Jan. 14, 2025.“Longevity and Brevity: The Two BIGGEST Risks in Retirement,” by Dan Haylett, humansvsretirement.com, Sept. 3, 2024.OtherMichael Finke Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

Mark and Shani speak about the predatory companies encouraging you to pillage your retirement savings, and the methods that they are using to do this.You can find the full article here.A message from Mark and ShaniFor the past five years, we've released a weekly podcast to arm you with the tools to invest successfully. We've always strived to provide independent, thoughtful analysis, backed by the work of hundreds of researchers and professionals at Morningstar.We've shared our journeys with you, and you've shared back. We've listened to what you're after and created a companion for your investing journey. Invest Your Way is a book that focuses on the investor, instead of the investments. It is a guide to successful investing, with actionable insights and practical applications.The book is now available! It is also available in Audiobook format from most sellers.Purchase from Amazon or Purchase from BooktopiaTo submit any questions or feedback, please email mark.lamonica1@morningstar.com or leave us a voicemail to feature on the podcast here.Audio Producer and mixer: William Ton. Hosted on Acast. See acast.com/privacy for more information.

Could striving for the "perfect" portfolio be holding you back from the fulfilling, financially confident life you've worked so hard for? Join us as we explore why embracing a "good enough" mindset can lead to greater happiness, balance, and confidence in retirement.  In this episode, we discuss:  The myth of the "perfect" portfolio  Satisficers vs. Maximizers  The Boglehead Paradox  Your life's "cups" of energy  Today's article is from the Morningstar titled, The Case for a 'Good Enough' Portfolio. Listen in as Founder and CEO of Howard Bailey Financial, Casey Weade, breaks down the article and provides thoughtful insights and advice on how it applies to your unique financial situation. Show Notes: HowardBailey.com/533

Investors are betting big on bond exchange-traded funds. Hundreds of billions of dollars have poured into bond ETFs in the first nine months of 2025. And more of these strategies have hit the market over the past several years. It's important to remember that some bond ETFs are riskier than others. What should investors consider before tweaking their portfolio? Dan Sotiroff, a senior manager research analyst at Morningstar Research Services and the editor of the Morningstar ETFInvestor newsletter, discusses that and shares five top ideas for income investors.Subscribe to Morningstar ETFInvestor for the full list of highly-rated bond ETFs. 00:00:00 Introduction00:00:54 Bond ETFs are having a banner year. Why are investors turning to these investments? 00:02:31 Which is getting the bigger slice: passively or actively managed bond ETFs?00:03:15 What are the four major types of bond ETFs, and how do they differ?00:04:35 This month's edition of Morningstar ETFInvestor analyzed more than a dozen bond ETFs. What makes a core bond ETF a solid portfolio building block?00:05:47 What's the top idea that's received high marks from Morningstar?00:06:27 We're shifting from the least risky to the next level up, core-plus. What do these bond ETFs typically offer that an index-tracking ETF does not?00:07:11 Can you tell us one intermediate core-plus bond ETF that's earned a Gold rating from Morningstar?00:07:44 Multisector bond ETFs take on a bit more risk than the previous two categories, and that comes with an expectation of more income. Should income investors skip the others and start here?00:08:59 It's time for the third top idea. What multisector bond ETF should folks consider?00:09:25 High-yield bond ETFs are the riskiest among the categories we're discussing today. What additional risks are investors taking on for the juicy yields?00:10:30 Morningstar does not currently rate any actively managed high-yield bond ETFs. Is there one that income investors should watch?00:11:28 What's the takeaway for folks figuring out if these types of bond ETFs fit in their portfolios?Watch more from Morningstar:Investors Still Need to Mind the Gap in Their Funds' ReturnsThe US Dollar Is Weak. Is Your Portfolio at Risk?2025's Winners and Losers, from Gold to Small Cap Stocks to the 60/40 PortfolioFollow Morningstar on social:Facebook https://www.facebook.com/MorningstarInc/X https://x.com/MorningstarIncInstagram https://www.instagram.com/morningstarinc/?hl=enLinkedIn https://www.linkedin.com/company/morningstar/posts/?feedView=all Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

Are you getting the most out of your fund's performance? Over the past 10 years, the average dollar invested in US mutual funds and exchange-traded funds earned 1.2% less per year than what those funds returned during the same period. That's the top-line finding in this year's Mind the Gap study, which aims to address the question of where investors succeeded in capturing most of their funds' returns, and where they fell short. Jeff Ptak, a managing director for Morningstar Research Services, breaks down the takeaways from the report and what investors can do if they want to avoid leaving money on the table.Mind the Gap US 2025On this episode:How does the report measure the difference between investor returns and total returns?How does the latest research compare with previous years? Is the “gap” going away?This difference in investor returns and total returns doesn't just come from people failing to time the market. What else might cause the gap?Where have investors been able to capture most of their funds' total returns, and where have they fallen short? Are there certain categories that stand out?Exchange-traded funds continue to gain popularity and market share. Did the investment type, mutual fund or ETF, make a difference in investor outcomes?Morningstar research has found that active funds have largely struggled to beat their benchmarks, but certain categories are better suited for active management than others. Is there a difference in the investor return gap in active versus passive funds?The study found that the more investors traded, the less they made. Why is that?Morningstar has found that fees tend to be a predictor of performance. Does that finding hold when looking at investor returns?The report also looked at the effects of return volatility. How did that translate to investor outcomes?You've written that where a fund is utilized can be just as important as the type of fund and how it's used. Can you explain that?What is one takeaway from your research? Watch more from Morningstar:The US Dollar Is Weak. Is Your Portfolio at Risk?2025's Winners and Losers, from Gold to Small Cap Stocks to the 60/40 PortfolioThe Stock Market Is Ultra-Concentrated. Here's How to Manage the Risks. Follow Morningstar on social:Facebook https://www.facebook.com/MorningstarInc/X https://x.com/MorningstarIncInstagram https://www.instagram.com/morningstarinc/?hl=enLinkedIn https://www.linkedin.com/company/morningstar/posts/?feedView=all Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

Don and Tom unpack why even smart, financially literate people sometimes need a financial advisor — prompted by Morningstar's Christine Benz explaining why she hires one. They explore the value of second opinions, professional organization, tax guidance, spending permission, and succession planning. The conversation also draws lines around who doesn't need an advisor (DIY investors under 50 with good discipline) versus who does (retirees, disorganized investors, and anyone over 65 facing complexity). Later, they tackle listener questions about small-cap value ETFs — comparing AVUV, DFSV, and SLYV — and close with a retirement scenario review for a disciplined 77-year-old federal retiree. A lighthearted finish touches on long-term care insurance, empty nesting, and the Raiders' black hole stadium. 0:04 Reintroducing the need for financial help (but not that kind of help) 1:17 Christine Benz's surprising admission: she has a financial planner 2:27 The value of a “responsible second opinion” 3:25 Why Benz says peace of mind has real value 3:50 Reasons to hire an advisor: second opinions, tax guidance, rebalancing, perspective 4:54 When hourly financial advice makes sense 6:38 Organization and accountability as hidden benefits 8:08 The disinterested spouse problem 8:40 Why succession planning matters more than you think 9:32 “Permission to spend” — an underrated role of advisors 10:19 Who doesn't need an advisor: young savers and disciplined investors 11:27 When to get a second opinion even if you're DIY 12:18 Spotting bad advice and hidden annuities 13:03 Who does need an advisor: hodgepodge portfolios and over-50 investors 14:09 Complexity and the need for help beyond 65 14:47 The problem of small investors being preyed upon by salespeople 15:52 Listener question: adding small-cap value exposure 16:47 Comparing AVUV, DFSV, and SLYV performance and structure 19:00 Expense ratios and diversification differences 20:18 Don and Tom's ETF verdict 21:10 Retirement checkup: 77-year-old with pension and LTC coverage 22:06 Evaluating liquidity, income, and survivorship 23:48 The vanishing quality of long-term care policies 24:56 Tom's empty-nest plans and aching knee 25:43 Raiders jokes and the black-painted stadium Learn more about your ad choices. Visit megaphone.fm/adchoices